Ethics in Accounting:

General Fiduciary Duties Question 2 & 3:

2. While acting as a duciary, you recommended that your client buy a particular brand of refueling sta- tion to charge her new, electricity-powered car. You told your client that she would be able to save 70% of the purchase price of the home refueling station through a combination of tax credits and utility rebates. You were correct, and the client achieved these savings However, you did not tell the client that you were receiving a $200 commission from the manufacturer of that particular refueling station brand. Your client now is furious that you received this commission and never told her about it. Do you owe your client $200? You recently introduced your wealthy client Grace to a broccoli importer named Gonzalo. You told your client that she would likely \"get along well\" with the broccoli importer because they both were entrepre- neurial and they both were raised in Guatemala. You also told your client to strongly consider invest- ing with the broccoli importer because he was a \"stand-up guy.\" After several business discussions between Grace and Gonzalo, Grace invested $5 million in Gonzalo's business. Several months later, a erce hurricane destroyed the broccoli importer's crop, causing the company to cease its operations Grace now has sued you for breach of duciary duty. Are you liable